Monday, January 28, 2008

NEVADA FIRST TIME HOMEBUYER PROGRAM

NEVADA FIRST TIME HOMEBUYER PROGRAM

Now is the time to take special advantage of The Nevada Housing Division First Time Homebuyer Program. There are first time homebuyer loan programs that Steve Harless can put you in access to that can move you as low as $500.00 assists you with the down payment and closing costs of a home.
The Nevada Housing Division First Time Homebuyer Program offers to low- and moderate- income first time homebuyers a below-market fixed interest rate 30- and 40-year loans with additional assistance available for down payment and closing costs.
Qualification Guidelines
A first-time homebuyer is someone who has not owned or co-owned their own residence within the past three years. If purchasing in a Targeted Area there are no restrictions on former home ownership.
Total gross household income must fall within the Maximum Income Limits set by NHD.
The purchase price of the residence you wish to buy may not exceed the Maximum Purchase Price Limits for the area in which it’s located.
Assets, including without limitation, may not exceed 50 percent of the purchase price of the residence being purchased, unless disabled or elderly and such assets are the primary source of income. There is a lower asset test for down-payment loans -- maximum $5,000.
Income must support the repayment of the loan pursuant to the underwriting criteria applied by FHA, VA, RHS, or Fannie Mae, as applicable.
Credit must meet the underwriting criteria applied by FHA, VA, RHS, or Fannie Mae, as applicable.
Successfully completes a HUD approved in-person 6 to 8 hour Homebuyer Counseling Course.
Get Started TODAY!!!
Call Steve Harless at 702-217-1680

Steps to Obtain a First Time Homebuyer Loan
Prequalify for a Loan
Participating Lending Institutions process all NHD loans. First, select a Participating Lending Institution. Then, make an appointment with that lender to determine your eligibility and the purchase price of the home for which you can qualify for and which loan type best meets your need.
The Participating Lending Institution will also explain what fees are involved and how much down payment is necessary.
First Time Homebuyer Education Class
The Division cannot emphasize how important homebuyer education is for first-time homebuyers. It is required by the Division for ALL of our Down Payment Programs. The Division requires the attendance to an in-person class and recommend homebuyers look for a class 6-8 hours in length.
Locate an Affordable Residence
Begin looking for an eligible residence you can afford based on the information the lender provided. Although not required, using the services of a real estate professional is recommended.
Enter Into a Real Estate Purchase Contract
This agreement is the contract used to purchase a home. It specifies the legal obligations of the seller and the buyer, established a specific date of purchase and set the price of the home. This contract should allow enough time for a complete home inspection, (on an existing home), home appraisal and loan approval. In this agreement, it should state that if you are not satisfied with the home inspection, or you do not obtain a NHD loan, the contract is cancelled and your earnest money will be refunded.
Apply for a Loan
At this point you can formally apply for a NHD loan through a Participating Lending Institution. After you have applied the lender will request that NHD reserve funds for the loan. Only one application may be made per applicant and funds are reserved on a first-come, first-serve basis.

Thursday, January 24, 2008

Touching Summerlin - Home With a Pool - Only $234,900

$234900 - Close To Summerlin - Home With a Pool - Only $234,900
Looking for Great Priced Homes in Las Vegas? you can find them at http://www.viewlasvegasrealestate.com/ContactUs One Of The Lowest Priced Homes In Summerlin - Take Advantage! Type: Single Family HomeLocation: 1225 Lucia st Las Vegas, NV4 Bedrooms -2080 Sq. ft. - 4,400 Sq Ft. - 2.5 Bathrooms - 2 Car Garage Price: $234,900Bank Owned Property* Open Kitchen with breakfast bar*backyard with pool and spa*Buyer and buyers agent to verify all information To Find the BEST VALUED homes for FREE visit Las Vegas Realtor Steve HarlessContact Information:Steve HarlessRealty World Luxury Homes6131 S. RainbowLas Vegas, NV 89118Phone: 702-217-1680Email: artman4@cox.net

Wednesday, January 23, 2008

Kramer Calls For Investigation Of Fed

Kramer Calls For Investigation Of Fed



Kramer Calls For Investigation Of Fed
Popular financial expert questions Bernanke's obsession with wild interest rate cuts, "the man has no idea what he's doing"

Popular financial expert Jim "Mad Money" Kramer has called for the Federal Reserve to be investigated in light of recent wild interest rate cuts, insinuating that the Fed is following a different agenda to the interests of the American people as the economy teeters on the brink of a recession.

"I actually want to call right here for an investigation of what the Fed did. An investigation of the institution, because I think the institution has been behind almost every boom and bust that we've had for many many years. And its really starting to [be the] time to look to see what this institution is all about," Kramer told TheStreet.com in a video report yesterday.

Kramer slammed those that gave the Fed carte blanche to take whatever action it wanted without scrutiny, stating, "You should never give a blank check to anyone - particularly someone as inexperienced as Bernanke," and questioned the bizarre slap-dash nature of recent rate cuts when compared to Bernanke's rhetoric.

(Article continues below)


"When you look at the statements that have accompanied every Fed rate cut, you could reach no conclusion other than the fact that the man has no idea what he's doing," scorned Kramer.

Kramer has turned up the heat against the Fed in recent months, famously stating they had "run amok" and were "an unregulated group of people who frankly are not responsive or held accountable to anybody," during an interview with Congressman Ron Paul.

Tuesday, January 08, 2008

BEARS BEWARE - The Tide Is Changing

Bush convenes Plunge Protection Team

GREAT NEWS!!!!

Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President's Working Group on Financial Markets - was created after the 1987 crash.

Monday, January 07, 2008

FOX and Sean Hannity Run From Ron Paul Supporters — Literally

I laughed so hard when I saw this video, I had to share it with my fellow bloggers.
Sean Hanity, Of "Faux News" really had to walk fast to get away from the spirited supporters of Ron Paul. Could'nt have happened to a nicer guy.

Friday, January 04, 2008

Las Vegas Real Estate Update

***As of the morning of January 3rd, 2008: There are 24,639 listings in the MLS, of them 4,138 are short sales and 704 of them are vacant. There are 997 contingents and 256 of them are short sales. There are 1,405 pendings and 76 of them are short sales. Yesterdays additions were 193 listings, 33 of them were short sales and 6 are vacant. There are 18 new pendings and 0 of them are short sales and the average days on market was 120.88 days.*** VIVA LAS VEGAS!

Las Vegas Review-Journal POPULATION OF 2.56 MILLION: Silver State again No. 1

2.9 percent growth rate propels Nevada By HENRY BREAN REVIEW JOURNAL

After a one-year hiatus, Nevada has regained the title of fastest-growing state in the nation, according to new Census Bureau state population estimates released today. Nevada returned to the top spot with a 2.9 percent growth rate that pushed the population to more than 2.56 million in the year ending July 1. Nevada held that title for 19 years in a row before being bumped off by Arizona last year. Arizona is the second-fastest-growing state according to the current estimate, with a population increase of 2.8 percent to 6.3 million. University of Nevada, Las Vegas economist Keith Schwer expects the Silver State to stay at or near the top of the list for years to come, thanks in large part to a flurry of new resorts and expansions scheduled to open on the Strip starting in 2009. "That should be a big boost for jobs, and with jobs come population," said Schwer, who leads UNLV's Center for Business and Economic Research. Much of the state's growth is driven by Clark County, which is home to more than 70 percent of Nevada residents. Schwer and other demographic experts think the county's population surged past the 2 million mark sometime in the past few months. Schwer said the growth rate shows the confidence people have in Nevada's economy, but it does not necessarily translate to a higher quality of life for residents here. "Just getting bigger is kind of like sitting around the table after Christmas dinner. You're getting bigger, but you might not feel well," he said. "Getting bigger doesn't mean you're better off." The Census Bureau estimated the total U.S. population at 301.6 million last July 1. Besides Nevada and Arizona, other Western states that made the top 10 list for fastest growth were Utah and Idaho, ranked third and fourth. In the Southeast, Georgia was fifth nationally, North Carolina was sixth, and South Carolina was 10th. Texas, meanwhile, had the seventh-fastest growth by percentage and was tops numerically, having drawn about 500,000 new residents. California remains the nation's most populous state with about 37 million people. It attracted about 300,000 new residents, second to Texas numerically, but 25th fastest by rate of growth, the same ranking as last year. By comparison, Nevada's 2.9 percent growth rate translated to slightly less than 73,000 new residents. Elsewhere, Louisiana appears to be rebounding from the devastation of Hurricane Katrina, gaining 50,000 residents in the year ending July 1. After the storm hit in August 2005, the Census Bureau estimated the state lost 250,000 residents. Despite the most recent gain, the state is far from returning to its pre-Katrina population level of 4.5 million. The bureau's estimate is reached by measuring births, deaths and migration into and out of each of the 50 states, the District of Columbia and Puerto Rico. In Louisiana, the Census Bureau estimated a net increase of people moving into the state of 29,000, accounting for more than half of the jump. "That's a pretty big number," said Greg Harper, a demographer with the bureau. Only two states lost population. Michigan's population dipped by three-tenths of a percent and Rhode Island saw a decrease of four-tenths of a percent. Ohio's growth was nearly flat. Florida, a state whose economy has been fueled largely by a steady stream of retirees crossing the border each year, gained in population but at a slower rate than usual. Florida was the 19th-fastest-growing state through July 2007 compared with the previous year when it ranked ninth. Florida's population increased by 1.1 percent to 18.3 million as of July. The previous year the rate of increase was 1.8 percent. "If there's one state that's a little surprising, I would say it's Florida," Harper said. The bureau will release county population breakdowns in the spring, which should give a clearer indication of how many residents have returned to the parishes in and around New Orleans. Earlier this week, urban planning consultancy firm GCR & Associates estimated New Orleans' population at 300,000, about 65 percent of its pre-Hurricane Katrina size, which was around 455,000. GCR chief executive and New Orleans native Greg Rigamer said people have been coming back to the city at a rate of 3,000 to 4,000 per month, which includes in-state migration. Things are looking up, but the city still suffers from failing infrastructure, poor health care and educational services and a "horrific" criminal justice problem. "Things are not all well in New Orleans," he said. "They are clearly getting better. It's no time to be popping the champagne corks." The Constitution requires the Census Bureau to count the population every 10 years. The results are used to allocate seats in the U.S. House of Representatives and electoral votes. This year's state population estimates are consistent with previous years that show high-growth states such as Texas probably will gain seats in Congress, while slow-growth states such as Ohio probably will lose seats. Whether Nevada's growth will be enough to bring it a fourth congressional seat after the 2010 Census remains to be seen, said Eric Herzik, political science professor for the University of Nevada, Reno. Herzik said it looks like Nevada, Arizona and Utah all might be eligible for additional House seats, but those will have to come at the expense of "somewhere back East like Michigan and Pennsylvania." To wrestle a seat away from one of those states, Nevada will have to be "not close but clearly eligible," Herzik said. Nevada gained its third seat, now occupied by Rep. Jon Porter, as a result of the 1990 census. "Last time we were eligible and then some. We had room to spare," Herzik said. "I think it's going to be that way again."